Spend Management

Spending can have a forecast which prepares a data on how and when the spending will be done and why people would do that. It is a wise step for the procurement decision maker. Spend Forecasting is the most important … Read More

Spend analytics are basically focused on the improvements that are required to be made in the operational sector. Analytics is mainly the systematic data or the information that is received from that data. The hidden working that causes the big results to happen, need insights and re-examination. It is just because of the spend analytics that are created skillfully, the company is able to check the things that do more harm than good. Whether it is the understanding of the data or controlling the costs to increase the level of profits, it is all known with the help of spend analytics. … Read More

Savings management in terms of finances is termed as the forecasting or estimation of the savings on the basis of plans carried out under every activity. Every firm keeps aside a definite amount of transaction or returns which are called savings. Saving management in a firm is the result of combined efforts from both the suppliers and customers. … Read More

The event will include in-depth case study and sharing of best practice. It is for senior management executives to better understand what their data means and how to use it in their decision making. … Read More

The scientific community that is working on answering the question of “what is our reality — the universe — made of?” is increasingly coming to the conclusion that the underlying matter of particles, that make up our reality appear to … Read More

In the same way that many people approach science with preconceived ideas and then look for “facts” to support their hypotheses, some people in business (and businesses as a whole) use data to try to support decisions they have already … Read More

It was a great opportunity for us to bring together a collection of interesting speakers to impart their knowledge and experience of Procurement Technology in the Middle East. On an uncharacteristically rainy February evening in Dubai, we ran the second … Read More

Analytics & Tail Spend Management can provide Actionable Insight Today, many businesses rely on their data to merely support their decisions instead of using this information to drive their actions. Why does this happen? When it comes down to it, … Read More

Spend analysis is an important sub-discipline of overall spend management and is primarily concerned with collecting, cleansing, classifying and analyzing procurement expenditure in order to find opportunities to improve purchasing efficiency and reduce an organization’s overall spend. … Read More

Making decisions based on data is a process that is extremely dependent on how the data is displayed and how it inspires action. In this blog, which is the final installment of Spend Matter’s three-part series, the importance of a solid data foundation is covered, as well as strategies for successful spend analysis efforts. … Read More